Crude oil price approaches the first target – Analysis - 23-11-2022
Economies.com
2022-11-23 04:37AM UTC
Crude oil price traded with clear positivity yesterday and approached our first waited target at 82.45, and bounced bearishly to move around 81.00 level, as it attempts to gather the positive momentum on the intraday time frames, waiting to resume the positive trades to surpass the mentioned target and head towards 84.25 as a next positive station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 79.20 and holding below it.
The expected trading range for today is between 79.30 support and 83.00 resistance.
The expected trend for today: Bullish
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